Meritage Group Portfolio - Dec 31, 2025
Meritage Group, Nathaniel Simons, has built a diversified portfolio of 10 publicly traded holdings with a total market value of $3.2B as of Dec 31, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.
The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 19.0% of the total portfolio value. The top 5 holdings account for 71.1% of the overall portfolio allocation.
Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.
Portfolio Statistics
Top Holdings Analysis
The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in MICROSOFT CORP (MSFT) represents 19.0% of the total portfolio, valued at $610.5M.
| Rank | Symbol | Company | Value | Portfolio % | Change |
|---|---|---|---|---|---|
| 1 | MSFT | MICROSOFT CORP | $610.5M | 19.0% | +12.2% |
| 2 | TRU | TRANSUNION | $457.4M | 14.2% | -2.4% |
| 3 | COF | CAPITAL ONE FINL CORP | $445.2M | 13.8% | -20.8% |
| 4 | AMZN | AMAZON COM INC | $425.4M | 13.2% | -18.4% |
| 5 | WDAY | WORKDAY INC | $346.3M | 10.8% | +8.3% |
For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.
Recent Portfolio Activity
Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook.
The following table shows the top 10 most significant position changes from
recent reporting periods (out of 173 total transactions), sorted by the magnitude of
change.
For a complete history of all portfolio transactions and detailed activity analysis,
visit our comprehensive
activity page.
| Symbol | Company | Quantity Change | Date | Action |
|---|---|---|---|---|
| A | Agilent Technologies, Inc. | -1,325,963 | Dec 31, 2025 | SELL |
| TPX | Tempur Sealy International, Inc | -632,554 | Dec 31, 2025 | SELL |
| COF | Capital One Financial Corporati | -481,817 | Dec 31, 2025 | SELL |
| AMZN | Amazon.com, Inc. | -415,350 | Dec 31, 2025 | SELL |
| MSFT | Microsoft Corporation | +137,613 | Dec 31, 2025 | BUY |
| TRU | TransUnion | -133,575 | Dec 31, 2025 | SELL |
| WDAY | Workday, Inc. | +123,270 | Dec 31, 2025 | BUY |
| QSR | Restaurant Brands International | -80,146 | Dec 31, 2025 | SELL |
| PCOR | Procore Technologies, Inc. | -58,125 | Dec 31, 2025 | SELL |
| MSCI | MSCI Inc. | +51,309 | Dec 31, 2025 | BUY |
Options Activity
Options trading activity provides insights into the investor's derivative strategies and hedging approaches. The following table shows options positions from the latest reporting period, sorted by notional value.
| Symbol | Company | Type | Contracts | Notional Value | Date |
|---|---|---|---|---|---|
| SPY | SPDR S&P 500 | PUT | 1,300,000 | $555.7K | Sep 30, 2023 |
Note: Notional value represents the total exposure value of the options position. For a complete analysis of all options strategies and historical options activity, visit our comprehensive options page.
Investment Strategy Insights
Meritage Group's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.
The largest position in MICROSOFT CORP (MSFT) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a increase of 12.2% in this position, indicating active portfolio management and strategic positioning.
Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 173 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.
Additional Analysis
Complete Holdings
View all 10 holdings with detailed analysis
Trading Activity
Track all portfolio transactions and position changes
Performance Metrics
Analyze profit, winning trades, and investment returns
Sector Allocation
Analyze portfolio breakdown by sector and industry
Meritage Group's portfolio as of Dec 31, 2025 reflects a strategic approach to equity investing with 10 holdings valued at $3.2B. The concentrated position in MICROSOFT CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.
For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.
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